MMP stock: buy or sell?

MMP stock price: $67.37 1.80% At close on September 20th, 2019

Updated on:
September 20th, 2019

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Magellan Midstream Partners ended today at $67.37 and escalated a beatiful 1.80%.

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States.

Should I buy MMP stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Magellan Midstream Partners stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Magellan Midstream Partners stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we gathered 12 ratings published for MMP stock in the last month.

Is MMP a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-6Credit Suisse Groupn/aNeutral
2019-8-2Stifel Nicolausn/aHold
2019-8-2Raymond Jamesn/aOutperform
2019-8-2Raymond Jamesn/aOutperform
2019-7-30Bank of American/aNeutral
2019-3-26LADENBURG THALM/SH SHn/aBuy
2019-2-5Evercore ISIn/aOutperform
2019-2-27Bank of AmericaBuyNeutral
2019-2-11Credit Suisse Groupn/aNeutral
2019-2-1Wolfe Researchn/aUnderperform
2019-1-28Jefferies Financial GroupBuyHold
2019-1-18SunTrust Banksn/aHold

MMP stock analysis

Daily outlook

Shares of Magellan Midstream Partners ended today at $67.37 and escalated a beatiful 1.80%.

Magellan Midstream Partners shares escalated 1.80% to $67.37 today. On June, SMA100d and SMA200d crossed up triggering a rise of 9.72%. On May MMP price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock.

MMP stock chart (daily)

Weekly outlook

Magellan Midstream Partners shares soared 2.90% this week, ending at $67.37.

Magellan Midstream Partners stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since SMA20d and SMA40w crossed up early June, MMP price climbed $6.81 per share (11.25%). Early May MMP price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

MMP stock chart (weekly)

MMP stock price history

MMP stock went public on March 19th, 2001 with a price of $0.731. Since then, MMP stock surged a 9,128.80%, with an average of 507.20% per year. If you had invested right after MMP's IPO a $1,000 in MMP stock in 2001, it would worth $91,288.00 today.

1: Adjusted price after possible price splits or reverse-splits.

MMP stock historical price chart

MMP stock reached 52-week highs on Aug/21 at $67.75, and all-time highs 2017-02-15 with a price of 70.91.

MMP stock price target is $69.30

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 8 price predictions for MMP stock released in the last 30 days:
MMP stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-6Credit Suisse GroupRaises Target$68.00$70.002.9%
2019-8-2Stifel NicolausRaises Target$62.00$68.009.7%
2019-8-2Raymond JamesReiterates$69.00$71.002.9%
2019-8-2Raymond JamesRaises Target$69.00$71.002.9%
2019-7-30Bank of AmericaRaises Target$63.00$66.004.8%
2019-3-26LADENBURG THALM/SH SHSet Price Targetn/a$75.00-
2019-2-11Credit Suisse GroupReiterates$76.00$68.00-10.5%
2019-1-18SunTrust BanksInitiatesn/a$65.00-
(in average)$67.80$69.302.0%
The price target for Magellan Midstream Partners stock is $69.30, moving in a range between $75.00 and $65.00.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on May, Magellan Midstream Partners . As soon as we get its actual EPS from the earnings report, we will update this review.
MMP earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.98n/a
2017-Q2-n/a0.92n/a
2017-Q32017-11-020.970.79-18.6%
2017-Q42018-02-011.131.04-8.0%
2018-Q12018-05-031.011.054.0%
2018-Q22018-08-0211.055.0%
2018-Q32018-11-011.021.17.8%
2018-Q42019-01-311.161.03-11.2%
2019-Q12019-05-011n/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an amazing growth of 12.72% to $2,826.57 M dollars. When comparing 2018 vs 2017, in line, profit margin (that is, the net income divided by revenues) skyrocketed a 12.52% to 47.19%.

Magellan Midstream Partners presents anual results in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Magellan Midstream Partners TTM sales up to were $2,147.79 and earnings $1,123.02 M USD. If we compare this TTM figures with the last reported annuality, we can review Magellan Midstream Partners business evolution since December 2018: Annual sales up to , compared to lastest yearly report, plummed a spooky -24.01%. Regarding profit margin, Magellan Midstream Partners escalated 5.09% to 47.19%

MMP annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,910 M-$582 M30.5%-
2014$2,304 M20.61%$840 M36.4%44.19%
2015$2,188 M-5.00%$819 M37.4%-2.43%
2016$2,205 M0.77%$803 M36.4%-2.00%
2017$2,508 M13.70%$870 M34.7%8.32%
2018$2,827 M12.72%$1,334 M47.2%53.41%
TTM $2,148 M-24.01%$1,123 M52.3%-15.81%

Quarterly financial results

Magellan Midstream Partners posted M in revenues for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter income marked million with a profit margin of . Profit margin stayed steady a 0.00% compared to previous quarter when profit margin was 36.28%. When comparing revenues to same quarter last year, Magellan Midstream Partners sales marked a dreadful drop down and plunged a -100.00%.
MMP quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$613 M-$223 M36.3%-
2017-Q2$605 M-1.33%$210 M34.8%-5.54%
2017-Q3$573 M-5.35%$199 M34.7%-5.66%
2017-Q4$673 M17.54%$238 M35.3%19.85%
2018-Q1$679 M0.81%$211 M31.1%-11.34%
2018-Q2$644 M-5.11%$214 M33.3%1.66%
2018-Q3$638 M-0.94%$595 M93.2%177.29%
2018-Q4$866 M35.68%$314 M36.3%-47.17%

Magellan Midstream Partners ownership

When you are planning to buy a stock, it's worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Magellan Midstream Partners, 0.18% of all outstanding shares are owned by its staff.

In case of Magellan Midstream Partners stock, 69.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for MMP stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related stocks:

MMPBKEPDKLHEPMPLX
Market cap$15.4 B$46.1 M$765.1 M$2.7 B$31.7 B
Total shares228.4 M40.8 M24.4 M105.4 M1,060.0 M
Float shares227.8 M31.3 M8.7 M45.7 M399.1 M
  - Institutional holdings (%)69.0%36.5%24.5%32.6%32.5%
  - Insider holdings (%)0.2%10.1%64.4%57.0%63.7%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

MMP summary

Friday, September 20th, 2019
Open$66.11
Close$67.37
Day range$65.98 - $67.62
Previous close$66.18
Session gain1.80%
Average true range$0.93
50d mov avg$65.58
100d mov avg$63.55
200d mov avg$60.76
Daily pattern
Weekly pattern lt06a

Magellan Midstream Partners performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Magellan Midstream Partners performance to Blueknight Energy Partners, Delek Logistics Partners, Holly Energy Partners, , Nustar Energy, Plains All American Pipeline, Plains and :
Stock3m6m12m
MMPMagellan Midstrea...9.96%13.38%4.27%
BKEPBlueknight Energy...3.67%14.14%-46.19%
DKLDelek Logistics P...4.57%2.42%0.61%
HEPHolly Energy Part...-3.89%-3.93%-14.40%
MPLX-5.86%-7.46%-7.66%
NSNustar Energy14.49%12.72%14.72%
PAAPlains All Americ...-10.12%-9.47%-7.05%
PAGPPlains-8.56%-6.21%-0.67%
PSXP14.59%11.88%20.07%

Magellan Midstream Partners competitors

One check before trading any stock is to have a look a list of its competitors, in this case for Magellan Midstream Partners. We picked 8 companies as Magellan Midstream Partners competitors as they are in the same industry or have similar market objectives.

Latest MMP stock news